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Dec 10, 2012
12/12
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KGO
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maybe not all the way back to 39.6%. >> will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> reporter: the problems according to republicans entitlements. a leading democrat embraced a way to cut medicare costs, it's called means testing. meaning those who make more would have to pay more for medicare. >> those of us with higher income in retirement should pay more. that could be part of the solution. >> reporter: a two-man negotiation with the speaker feeling the heat from his right. "saturday night live" even suggested republicans are bullying boehner, even in the cafeteria. >> not a single member of his party willing to share his company. he didn't even have any milk to drink, because, well, tell them why, john? >> they had taken my milk and thrown it in the garbage. >> reporter: did they make progress? both sides are being very tight lipped. both the speaker's house and white house released the exact same statement word for word. they're both being very quiet. david kerley, abc news, the white house. >>> one place americans can find a little fi
maybe not all the way back to 39.6%. >> will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> reporter: the problems according to republicans entitlements. a leading democrat embraced a way to cut medicare costs, it's called means testing. meaning those who make more would have to pay more for medicare. >> those of us with higher income in retirement should pay more. that could be part of the solution. >> reporter: a two-man negotiation...
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profits were less than the tax breaks and subsidies. anything doesn't give in to the mining corporations so how much money is left over and. why develop the creation of an open pit mine i'm not prove the conditions for miners. it would only be because it's slow economically room it's a question of cost it's a fantasy your goals. because you know what's happening. let's say we improve the conditions of small miners and they produce that one thousand two hundred dollars an ounce. when the prices fall it's all over. so they're like sleeping. it out once they see good mates when they attack. this happened but if they came to the gold towns to work saying they contribute to sustainable development they need and this sustainable development has destroyed towns and peoples i think the problem is we must talk to the people here we should have the direct presence of high level executives the able do so to baptize a kid one day so that we can say we love them look at you because our god made us all equal. because we should begin humanitarian work
profits were less than the tax breaks and subsidies. anything doesn't give in to the mining corporations so how much money is left over and. why develop the creation of an open pit mine i'm not prove the conditions for miners. it would only be because it's slow economically room it's a question of cost it's a fantasy your goals. because you know what's happening. let's say we improve the conditions of small miners and they produce that one thousand two hundred dollars an ounce. when the prices...
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. >> turn equity into tax free cash. >> give you tax free cash. >> they're not being told. about the downside. >> reporter: right now in america, 57 seniors in reverse mortgages are in danger of losing their homes. nearly 10% foreclosure rate, 4 times higher than traditional mortgages. the department of housing and urban development will recommend congress prohibit large lump sum payments and recommend seniors be careful with reverse mortgages. is the reverse mortgage the last option? >> i really think it should be, absolutely. >> reporter: an option. >> it is a wonderful house. >> reporter: linda mcmahon regrets taking. >> i hope somebody enjoys it. >> reporter: jim avila, abc news, washington. >> you have to feel for her, too. here's the problem in a nutshell. unlike traditional mortgage. make your payments. equity. a reverse mortgage pays out equity in your home as cash. increases your debt and decreases your equity. that's the problem in a nutshell. that's how the woman got into the situation she did. it sounds good, but like with everything, there is a downside. commer
. >> turn equity into tax free cash. >> give you tax free cash. >> they're not being told. about the downside. >> reporter: right now in america, 57 seniors in reverse mortgages are in danger of losing their homes. nearly 10% foreclosure rate, 4 times higher than traditional mortgages. the department of housing and urban development will recommend congress prohibit large lump sum payments and recommend seniors be careful with reverse mortgages. is the reverse mortgage...
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Dec 8, 2012
12/12
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KQED
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tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the economy pretty fast" if lawmakers don't settle the fiscal cliff issue. he's chief economist of moody's analytics. so mark falling off the fiscal cliff means bad things. how bad? >> it could be quite bad, susie. i don't think it's if we get into january and we haven't settled this but if house makers haven't nailed this down by early february, i think stock investors, bond investors will
tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the...
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among let's put a downpaymmnt on taxes, let's let tax breaks and the upper-income folks go up. lou: president obama is loking to hide even more taxe to find more taxable victms beyond the so-called ich. but there are yet more conditionsas white ouse press secretary jay carney today reminded us. the president emnds any deal is dependent upon a hike in the nation det ceiling. carney says the debt ceiling is another issue the preident simply cannot bring himself to negotiate with those lowly republicans on the hill. and today began a new campaign of blame for the national debt directedat, yes, congress. me. >> your not going to negotiate over what is a fundamental responsibility congress, which is to pay the bills that congress cured. ithould beart of the dal. it should be done, and it should be done without trauma. lou: the president is not alone in demands for non negotiation of vat regions of the federal wastand. me ongressional democrats are also very spcific about hat they refuse to egotiate as well. for example, the conggessional black caucus nnounced that it is strony oppos
among let's put a downpaymmnt on taxes, let's let tax breaks and the upper-income folks go up. lou: president obama is loking to hide even more taxe to find more taxable victms beyond the so-called ich. but there are yet more conditionsas white ouse press secretary jay carney today reminded us. the president emnds any deal is dependent upon a hike in the nation det ceiling. carney says the debt ceiling is another issue the preident simply cannot bring himself to negotiate with those lowly...
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Dec 6, 2012
12/12
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WBAL
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loopholes, not by raising tax rates on the top earners as the president had demanded. this comes as a new poll suggests americans agree with the president. 40% want to that tax cuts expire for the wealthy. 32 percent say they should continue for everyone. more downsizing -- news from citigroup. they announce they are cutting 11,000 jobs worldwide. they're closing branches. a spokesperson says less than 1% of 3600 citibank employees in maryland will be laid off. one branch in the state will close in the glen burnie. a new annapolis fire department is getting over $200,000 in a grant from fino. congressmen -- fema. congressman judge sought -- john sarbanes said it will go to upgrading the fire station. some say fema is not that generous when it comes to aid for victims of superstore sandy. >> maryland woke up to this headline -- u.s. denies aid to more storm victims. this is the picture of the face of maryland during the storm. >> barbara mikulski spoke earlier at the senate appropriations subcommittee on hurricane sandy disk -- expressing her disbelief they denied the r
loopholes, not by raising tax rates on the top earners as the president had demanded. this comes as a new poll suggests americans agree with the president. 40% want to that tax cuts expire for the wealthy. 32 percent say they should continue for everyone. more downsizing -- news from citigroup. they announce they are cutting 11,000 jobs worldwide. they're closing branches. a spokesperson says less than 1% of 3600 citibank employees in maryland will be laid off. one branch in the state will...
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Dec 8, 2012
12/12
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CSPAN
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tax policy. the current tax cuts were put in place by the previous administration and will expire by the end of the year. then, marco rubio on jobs and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who wins or loses in washington. it's about making smart decisions that will have a real impact on your lives and the lives of americans all across the country. right now, middle-class tax cuts are set to expire at the end of the year. time is running out. and there are two things that can happen. first, if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. a typical middle-class family of four would get a $2,200 tax hike. that would be bad for families, it
tax policy. the current tax cuts were put in place by the previous administration and will expire by the end of the year. then, marco rubio on jobs and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who...
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Dec 10, 2012
12/12
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CNBC
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if the president were to say that taxes aren't going up, there's no taxes on apple if you sell it, i think the selling would be done immediately n short washington is driving this, not apple, it's an inexpensive stock. here's the bottom line, i would do anything not to focus on washington, anything. but we can't go much higher without a deal, any deal. and a deal is going to be made or not made on wall street, now washington. and i have to go up there tomorrow. i don't want to do it. given that the president won re-election, and he ran on the fact that he's going raise capital gains, these will what you call facts. meredith in california, meredith. >> caller: hi, sweet jim cramer, from devore, california, thank you so much for helping beginning investors like me. >> well, thank you, that's what this show is about, how can i help? >> my stock is ingersol rand, it's a security tech business and possible announcement of share buyback program and i would love to have your input. >> a lot of people thought it wasn't enough. i saw this when it came over, i think it was right before the ari
if the president were to say that taxes aren't going up, there's no taxes on apple if you sell it, i think the selling would be done immediately n short washington is driving this, not apple, it's an inexpensive stock. here's the bottom line, i would do anything not to focus on washington, anything. but we can't go much higher without a deal, any deal. and a deal is going to be made or not made on wall street, now washington. and i have to go up there tomorrow. i don't want to do it. given that...
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Dec 2, 2012
12/12
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CNNW
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if taxes only mean the tax, the income tax portion of tax burden for four-fitz four fifths of the country, you're talking about something that doesn't matter that much. and in a democracy, you cannot be a successful party if you talk about things that don't matter that much to four fifths of the country. >> all right, your paycheck, your investment, your home, they may all be taxed a bit differently next year. not just income tax. that's if law makers can decide on a plan to avoid the fiscal cliff. so coming up next, i'm going to talk about a deduction that america loves, you probably love, but might be taken away. who do you think i am, quicken loans? ♪ at quicken loans, our amazingly useful mortgage calculator app allows you to quickly calculate your mortgage payment based on today's incredibly low interest rates... right from your iphone or android smartphone. one more way quicken loans is engineered to amaze. ♪ a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition
if taxes only mean the tax, the income tax portion of tax burden for four-fitz four fifths of the country, you're talking about something that doesn't matter that much. and in a democracy, you cannot be a successful party if you talk about things that don't matter that much to four fifths of the country. >> all right, your paycheck, your investment, your home, they may all be taxed a bit differently next year. not just income tax. that's if law makers can decide on a plan to avoid the...
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but you don't have to wait for the tax hikes. $317 billion in new taxes. set to kick in january 1st. and we will show you the latest tax increase brought to you by the people who created obamacare . get ready for armageddon. is america reelly headed to help? is there any way to stop the document author of after america, mark stein joins me next. ♪ ♪ lou: welcome all fundamental dishonesty at the heart of america's financial crisis. my next guest saas americans really seems of want a european size government with current american size tax rates. one or the other has got to go. we will see. joining us now, author of the best seller, get ready for armageddon. also, a recording of -- i will explain my laughter. his new holiday cd, making spirits bright available on the amazon and itunes. i am trying to think how to do it. >> the words stuck in your throat. lou: it is terrific. it is wonderful. here to prove the point, and it's ggod to have you. i wish you lots of luck. by the way, s t eyn. that's right. and i got it covered. >> that's right. why do i have
but you don't have to wait for the tax hikes. $317 billion in new taxes. set to kick in january 1st. and we will show you the latest tax increase brought to you by the people who created obamacare . get ready for armageddon. is america reelly headed to help? is there any way to stop the document author of after america, mark stein joins me next. ♪ ♪ lou: welcome all fundamental dishonesty at the heart of america's financial crisis. my next guest saas americans really seems of want a...
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Dec 4, 2012
12/12
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CSPAN
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sperling said, they reduce to the payroll tax last year, in 2011, amounting to $108 billion. it's not by accident of the price of fuel went up and consumed our disposable income in this country. -- about $100 billion of our disposable income. as you can see, the light blue bar, the only way to solve this problem is not to get divorced from the global economy, as canada and norway has showed some it would not make a difference anyway. we need to diversify transportation so that it is not as dependent upon petroleum as is currently the case and this redline on page 9, probably the most important of all, the amount of oil that we can assume per $1,000 of g.d.p. if we can diversify into compressed natural gas and come up with a viable electrification and of trucks and vehicles, those are profound developments which were not possible until very recently. the report that we have here house all three of those things, the maximization of oil. it into saudi arabia levels mean we produce 11 million barrels. not 18.7 million barrels. which is what we are currently consuming. at the same
sperling said, they reduce to the payroll tax last year, in 2011, amounting to $108 billion. it's not by accident of the price of fuel went up and consumed our disposable income in this country. -- about $100 billion of our disposable income. as you can see, the light blue bar, the only way to solve this problem is not to get divorced from the global economy, as canada and norway has showed some it would not make a difference anyway. we need to diversify transportation so that it is not as...
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Dec 10, 2012
12/12
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WBAL
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yes. >> we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that's it. the presidency and the senate in the democrats' hands. >> since we agree with democrats, 98% of the american people and 80% of the bush tax cuts, to me i would get that off the table so they don't worry about it. >> reporter: democrats insist taxes are going up on the rich no matter what. >> if you don't increase tax rates on the highest 2% of income earners, you cannot generate enough revenue to have meaningful deficit reduction. >> reporter: republicans want big spending cuts to programs like medicare and says. >> we don't want to be back here in another year, another ten years answering the same questions. >> reporter: as the talks continue on both sides of pennsylvania avenue, americans from main street to wall street wait to see who will blink first. brian mooar, nbc news, washington. >>> sad news it tell you about out of afghanistan where a u.s. navy s.e.a.l. was killed during the rescue operation of a colorado doctor. the s.e.a.l. team 6 me
yes. >> we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that's it. the presidency and the senate in the democrats' hands. >> since we agree with democrats, 98% of the american people and 80% of the bush tax cuts, to me i would get that off the table so they don't worry about it. >> reporter: democrats insist taxes are going up on the rich no matter what. >> if you don't increase tax rates on the highest 2% of income...
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Dec 7, 2012
12/12
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MSNBCW
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cuts to protect tax cuts for the very wealthy. that's not where they want to be and somewhere deep inside they know that. >> secretary solis, no matter who they voted for, americans are clearly saying that they want compromise and even if it means accepting policies they don't necessarily agree with. 59% of obama voters want compromise. 54% of romney voters want come pro-might. you've told people they should call their congressman and senators. >> yes. >> should they tell them, let's act like adults and work this out? >> absolutely. and what is really most important is that the public has spoken. we just got through an election and now is the time for people to come together. the president has extended an olive branch. he continues to do that and all of us are working day and night until we get there. i know it's in the best interest of our economy and the world. everyone is looking to the united states for leadership and this president has exerted so much leadership, we need to continue that. it's not one party benefiting over an
cuts to protect tax cuts for the very wealthy. that's not where they want to be and somewhere deep inside they know that. >> secretary solis, no matter who they voted for, americans are clearly saying that they want compromise and even if it means accepting policies they don't necessarily agree with. 59% of obama voters want compromise. 54% of romney voters want come pro-might. you've told people they should call their congressman and senators. >> yes. >> should they tell...
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they've avoided the tobin taxes financial transaction tax they have now reconsolidate their power i don't think anything has happened in this country to stem the power of the banks in fact quite the opposite they've got away with it they've got away with one of the pick is kind of financial crimes in human history london is now one of the three command centers of the global economy that wouldn't have been possible without the city of london germany's a much more powerful economy than the british economy but they haven't got any pockets of undemocratic nepotistic rule which is untouched by the german government so lord glasman morris glassman you know has long argued for for the rest of london the whole of london to be incorporated the city of london has always resisted expansion to allow the rest of london to be part of it so we are right now and people living in london are actually living in the city of london you call the city of an. corporation and undemocratic pocket within london as a whole other any of the borrowers in the u.k. that are this similar type of exception to the ge
they've avoided the tobin taxes financial transaction tax they have now reconsolidate their power i don't think anything has happened in this country to stem the power of the banks in fact quite the opposite they've got away with it they've got away with one of the pick is kind of financial crimes in human history london is now one of the three command centers of the global economy that wouldn't have been possible without the city of london germany's a much more powerful economy than the...
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Dec 3, 2012
12/12
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CNBC
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or dividend tax as opposed to much higher because we know that taxes will probably go higher in 2013. oracle is accelerating payments of 2013 dif dens. they're going to pay second quarter, third quarter and fourth quarter dividends this month. gordon, what has that done to trading and investing environment? all these special dividends. oracle is doing it now, second quarter, third quarter dividends this month so investors can get taxed at the 2012 dividend rate. >> it's bigger than that because it's not only the corporation themselves but corporate executives. cashing out options looking for preferential tax treatment there as well. that's just prudent corporate management. you can't fault them. stocks paying special dividends have been outperforming the spx in the time period since this started happening. in some ways in the convoluted way it's been a positive for the market. >> oracle is down, though o this news. >> oracle is down right now. gordon, you make a really good point. that's where the performance has been, the conditions paying these special dividends. when i see an anno
or dividend tax as opposed to much higher because we know that taxes will probably go higher in 2013. oracle is accelerating payments of 2013 dif dens. they're going to pay second quarter, third quarter and fourth quarter dividends this month. gordon, what has that done to trading and investing environment? all these special dividends. oracle is doing it now, second quarter, third quarter dividends this month so investors can get taxed at the 2012 dividend rate. >> it's bigger than that...
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they know their taxes are going up. they know regulatory expenses are going up and they know if they do make money that will be taxed at a higher rate. a lot of employers are shrugging their shoulders and saying why take the risk. melissa: peter do you agree with that. >> yeah. it is the barack obama efct. only 150,000 a month the man is obsessed what did he say last week campaign, voting is the best revenge. now he is about to take it out on the one or 2%. that is all his focus. he is going around the country, hurricane sandy, rebuilding needs to be done. he is not paying attention to that and certainly not paying attention to jobs creation. instead he is on this vendetta. melissa: ian, at the same time you see companies out there, they're doing what they need to do. we saw ibm for example saying that when it comes to their 401(kk instead of contributing every other pay period the way they have before they will wait until the very end of the year and do their matching then. almost an accounting trick. not really a tric
they know their taxes are going up. they know regulatory expenses are going up and they know if they do make money that will be taxed at a higher rate. a lot of employers are shrugging their shoulders and saying why take the risk. melissa: peter do you agree with that. >> yeah. it is the barack obama efct. only 150,000 a month the man is obsessed what did he say last week campaign, voting is the best revenge. now he is about to take it out on the one or 2%. that is all his focus. he is...
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Dec 4, 2012
12/12
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MSNBCW
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it's not the tax cuts going into effect. and -- >> you mean the millions of dollars -- >> the cuts that will be forced through in the next two years. that's a much bigger risk to the economy. >> therefore? >> therefore, if the president lets this thing -- look, the markets have already priced this in. >> i hear the opposite. i hear that they believe that grown-ups will do the job when they have to. they don't believe they're going to let us go over theically. >> i don't think the grown-ups believe they have to do the job by january 1st. i believe they believe the grown-ups have to do the job by january 30th or february 15th. >> they're going to believe the politicians can get the job done when they failed to get it done by january 1st. >> i hear what steve is saying there. i'm standing in your camp which is a rare spot for me to be in, standing in chris' camp here but i think you're right. i think the markets have not baked this into their equation. >> dysfunction and childishness. >> it has nothing to do would my bottom lin
it's not the tax cuts going into effect. and -- >> you mean the millions of dollars -- >> the cuts that will be forced through in the next two years. that's a much bigger risk to the economy. >> therefore? >> therefore, if the president lets this thing -- look, the markets have already priced this in. >> i hear the opposite. i hear that they believe that grown-ups will do the job when they have to. they don't believe they're going to let us go over theically....
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go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be progress these days here on capitol hill. >> we'll take that. tracie potts for us in washington. tracie, thanks. >>> egypt state television is reporting at least five people were killed in overnight flashes between supporters and opponents of egyptian president mohammed morsi. the street battles were the most violent since egypt's latest crisis erupted two weeks ago where morsi assumed near absolute power. the opposition is vowing more protests later today. >>> this morning, two australian radio hosts are apologizing for a prank call that's getting worldwide attention. it was made to the hospital where kate is being treated for acute morning sick sentencesness. anna bell roberts is with us. >> reporter: good morning, lynn. that's right. the latest on kate's condition i
go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be progress these days here on capitol hill. >> we'll take that. tracie potts for us in washington. tracie, thanks. >>> egypt state television is reporting at least five...
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Dec 5, 2012
12/12
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>>trace: when republicans say the higher tax rates will hurt small business? >>reporter: and that, cost jobs. the white house says only the top 2 percent or 3 percent of small businesses are affected republicans say those are the ones that create the vast majority of the jobs. speaker boehner suggests that capping deductions would actually protect the middle class. >> we have to cut spending and put revenues on the table. now, the revenues will come from, guess who? the rip. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >>reporter: the taxes will go up for those making moreover than $250,000 even if congress does nothing and also forren else but the polls suggest that the american will blame republicans. >>trace: thousands of workers are being laid off at a citigroup, slashing 11,000 jobs adding up to about 4 percent of the entire workforce. it is another cost-cutting move as banks continue to struggle after the rec
>>trace: when republicans say the higher tax rates will hurt small business? >>reporter: and that, cost jobs. the white house says only the top 2 percent or 3 percent of small businesses are affected republicans say those are the ones that create the vast majority of the jobs. speaker boehner suggests that capping deductions would actually protect the middle class. >> we have to cut spending and put revenues on the table. now, the revenues will come from, guess who? the rip....
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Dec 3, 2012
12/12
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MSNBCW
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we got four bad years of regulation taxes, he wants to add higher taxes to that. tea party two is going to dwarf tea party one if obama pushes us off the cliff. >> there's a doctor strang love. how many republicans will be willing to stand up to that threat. david corn is here to talk about it, the washington bureau chief for mother joins and the author of "47 percent" he's a member of the gridiron society and john feehery is a republican strategist. grover, you're playing defense here. one man elected to nothing. the fact that saxby chambliss comes up, i don't have to live up to some pledge i made 20 years ago and calls up and has grover on the phone going through the transcript of what he said and he's apologizing for each segment as it. what's going on? a senator has to kiss butt to this guy? >> i have known grover for a long time and i like him and he representing -- >> you're afraid of him too. >> i'm not afraid of him. he represents a cause and he's been amazingly successful because taxes have gone down for a long time because of grover. what do we nou becau
we got four bad years of regulation taxes, he wants to add higher taxes to that. tea party two is going to dwarf tea party one if obama pushes us off the cliff. >> there's a doctor strang love. how many republicans will be willing to stand up to that threat. david corn is here to talk about it, the washington bureau chief for mother joins and the author of "47 percent" he's a member of the gridiron society and john feehery is a republican strategist. grover, you're playing...
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plan and highlight what they call his small business tax hike. president obama spent his afternoon in northern virginia again pushing his case for raising taxes on families earning more than $250,000 a year. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> so i think it's safe to say at this point that the president actually isn't interested in a balanced agreement, he's not particularly interested in avoiding the fiscal cliff, and he's clearly not interested at all in cutting any spending. >> reporter: while democrats and republicans debate the size and specifics on tax increases, the two sides also remain apart on spending cuts, reforming entitlement programs like medicare and on the president's request to have greater power to raise the country's debt limit. but the news coming out of this one, "wall street journal" headlines saying that sta
plan and highlight what they call his small business tax hike. president obama spent his afternoon in northern virginia again pushing his case for raising taxes on families earning more than $250,000 a year. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> so i think it's safe to...
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Dec 6, 2012
12/12
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to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >> tracie potts for us in washington. thank you. >>> last night on the ed show, steny hoyer explains why
to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if...
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Dec 7, 2012
12/12
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and merge all other assets together and that would create 15 and state tax issues. >> there is more on our website, wbaltv.com. >> results from any report and there is good news for maryland students. vocabulary results are above the national average. maryland educators say they are not surprised. more on-line classes continue to arrive in baltimore county. dallas dance told students at the district could get between $30 million and $40 million to start up the project. school systems would help to close the achievement gap with the money. >> we would be able to put every single course the kids would need to graduate online. >> 61 school systems are in the running for the federal dollars including baltimore city. >> 5:36. things really do get better with age, according to a study, including your well-being. you should turn that frown upside down. >> the real reason we enjoy our goal to pleasures so much. >> don't forget to e-mail us your response to our water cooler question of the day. are you spending more or less this holiday shopping season? you can share your response at wbaltv.
and merge all other assets together and that would create 15 and state tax issues. >> there is more on our website, wbaltv.com. >> results from any report and there is good news for maryland students. vocabulary results are above the national average. maryland educators say they are not surprised. more on-line classes continue to arrive in baltimore county. dallas dance told students at the district could get between $30 million and $40 million to start up the project. school...
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Dec 4, 2012
12/12
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then you're fighting for tax cuts, not tax increases, but we'll see. and the fact of the matter is that grover is just a vessel for a bigger issue. taxes used to be -- >> he seems to be calling the shots. >> he's not calling the shots. >> last week to figure out -- last week on the media there's a lot of reporting that saxby chambliss stood up to grover or broke with him. here is what he said. let's look at that first. >> i care more about this country than i do about a 20-year-old pledge. >> do you think that grover norquist would hold a no new tax pledge that you signed 20 years ago, would he hold that against you in an upcoming re-election bid for the u.s. senate? >> well, you know, in all likelihood, yes, but i don't worry about that because i care too much about my country. i care a lot more about it than i do about grover norquist. >> well, "the washington post" reports today that five days after making those comments on television -- on radio rather, chambliss and norquist spoke on the phone. as norquist read allowed a transcript of chambliss' e
then you're fighting for tax cuts, not tax increases, but we'll see. and the fact of the matter is that grover is just a vessel for a bigger issue. taxes used to be -- >> he seems to be calling the shots. >> he's not calling the shots. >> last week to figure out -- last week on the media there's a lot of reporting that saxby chambliss stood up to grover or broke with him. here is what he said. let's look at that first. >> i care more about this country than i do about a...
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Dec 6, 2012
12/12
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as i said the entire tax code is becoming a tax incentive. where you draw the line the amt usually goes to tax incentive bills and the fact the senate finance tax bills this year, the senate didn't pass it, the finance committee passed it and included tax extenders and the ones you went over but also included the amt patch indexing to inflation. >> so if these tax extenders have to be dealt with by the end of the year and in the fiscal cliff negotiation, what are the options for congress right now on december -- what is it the sixth today? >> these are kind of an afterthought at this point because often, as i said, all these are extended for your or two at a time. they talk about trying to make the list shorter, but if they have to, december 29th, they need to pass something, all they have to do is pass everything for a year and it won't costs so much. they get to this after figuring out the bigger question. >> host: they can do in one bill? text extenders and list the different -- >> guest: you will go in the big fiscal compromise and you wo
as i said the entire tax code is becoming a tax incentive. where you draw the line the amt usually goes to tax incentive bills and the fact the senate finance tax bills this year, the senate didn't pass it, the finance committee passed it and included tax extenders and the ones you went over but also included the amt patch indexing to inflation. >> so if these tax extenders have to be dealt with by the end of the year and in the fiscal cliff negotiation, what are the options for congress...
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Dec 4, 2012
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they're charged with tax evasion. they deny any wrongdoing. >>> finally, it may be the only time you smile about a story on the fiscal cliff. you need to check out this youtube video of a little boy glued to the animation used by our friends at cnbc. [ laughing ] >> that's the great thing about kids. you can leave him there for 15 minutes. he'd be all set. >>> one of the coolest down hill skating races you'll see this year. plus, bofrming legend mohammed ali receives the biggest award in boxing history. that's next. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically
they're charged with tax evasion. they deny any wrongdoing. >>> finally, it may be the only time you smile about a story on the fiscal cliff. you need to check out this youtube video of a little boy glued to the animation used by our friends at cnbc. [ laughing ] >> that's the great thing about kids. you can leave him there for 15 minutes. he'd be all set. >>> one of the coolest down hill skating races you'll see this year. plus, bofrming legend mohammed ali receives the...
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Dec 9, 2012
12/12
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i'm thinking a carbon tax or wealth tax. >> wall street doesn't want a carbon tax. if you want less of something, tax it. they want cap and trade to play games and not improve the environment. we need a discussion about tax policy but follow the principle, the greater the gain the greater the burden you bare. many conservatives think that. they are running the debate and totally ahistorical. >> i think this is a really important point about what else favors the wealthy in our tax system. one of the critical issues is the system of deductions. today, the way deductions work, the mortgage deductions or charitable deduction. if you give $10,000, you do $10,000 of a mortgage amount in a year. because of the way rates work as a deduction, it's $3500 if you are in the rate of 35%. and $1500 if you are a middle class family in the 15% marginal rate. it's $10,000. same for two families and much bigger value. it's upsidedown. in a tax plan we put forward, we addressed that issue. we transformed everything into an 18% credit. it's fair across the board. deductions are a way,
i'm thinking a carbon tax or wealth tax. >> wall street doesn't want a carbon tax. if you want less of something, tax it. they want cap and trade to play games and not improve the environment. we need a discussion about tax policy but follow the principle, the greater the gain the greater the burden you bare. many conservatives think that. they are running the debate and totally ahistorical. >> i think this is a really important point about what else favors the wealthy in our tax...
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it seems each tax figured on the gross pay after the first one becomes a tax on a tax. guest: you are right that social security taxes are applied based on the total amount of income in terms of your wage income or paycheck. i did not totally understand the second part of the question, but i would say it serves a security payroll taxes are important. they are regressive. they are a flat tax on wages. the other problem with social security taxes is other areas are not subject to social security taxes. income from investments are not subject to that. it used to be 90% of one's income was taxed by social security or hit by the payroll tax. now we're looking at 85%. it will go down to 80%. that is problematic for some security. we looked at how you can make sure more income is hit by social security. it makes things more progressive because it tends to hit people at the higher end rather than the lower end. host: does simpson-bowles eliminate drug pricing? guest: it does not specifically. there have been some changes so that the doughnut hole idea is supposed to go away, bu
it seems each tax figured on the gross pay after the first one becomes a tax on a tax. guest: you are right that social security taxes are applied based on the total amount of income in terms of your wage income or paycheck. i did not totally understand the second part of the question, but i would say it serves a security payroll taxes are important. they are regressive. they are a flat tax on wages. the other problem with social security taxes is other areas are not subject to social security...
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that the israeli government has taken is that they have frozen some one hundred million dollars in tax money that is welcome it's on behalf of the palestinian authority now this has built a painful blow to the p.a. because essentially can only cover around seventeen percent of its needs the rest of the money comes from this tax money comes from the united states and from the european union there was also a criticism being leveled at canada which you will remember did voted against the u.n. bid essentially more critics are coming to the fore now and saying that canada has destroyed any kind of credibility it has in the region and also disqualified any kind of future boy that it might play in the peace process so certainly a lot of condemnation not only against israel but also against those countries that voted against the palestinian bid. ok well thanks paula we will have to leave it there that is a artie's paula slayer in television. russia to talk over the syria conflict in the face of a widening rift between the two is president putin. to keep which leads calls for international acti
that the israeli government has taken is that they have frozen some one hundred million dollars in tax money that is welcome it's on behalf of the palestinian authority now this has built a painful blow to the p.a. because essentially can only cover around seventeen percent of its needs the rest of the money comes from this tax money comes from the united states and from the european union there was also a criticism being leveled at canada which you will remember did voted against the u.n. bid...
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that the israeli government has taken is that they have frozen some one hundred million dollars in tax money that is welcome mix on behalf of the palestinian authority has built a painful blow to the p.a. because essentially can only cover around seventeen percent of its needs the rest of the money comes from this tax money comes from the united states and from the european union if you look at the sick the population in this country they too are also unhappy they do not believe that the israeli prime minister netanyahu will go ahead with building these units they believe that it's almost a cheap route by netanyahu to try and gain support ahead of genuine. nixon's and that this is an internal matter to try and rebuild votes be this when your government essentially sees this but and perhaps i should say not just the netanyahu government but many israelis feel that it was a one sided resolution that was put forward at the united nations and the point being made by the government is that they cannot be any kind of unilateral moves on the palestinian side they need to first be negotiations
that the israeli government has taken is that they have frozen some one hundred million dollars in tax money that is welcome mix on behalf of the palestinian authority has built a painful blow to the p.a. because essentially can only cover around seventeen percent of its needs the rest of the money comes from this tax money comes from the united states and from the european union if you look at the sick the population in this country they too are also unhappy they do not believe that the...
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rosen is just medicaid getting food stamps and she's collecting welfare or underage of her names are tax free cash income is over one hundred fifty thousand dollars. for more than thirty years republicans have used the existence of that welfare queen to justify their attacks and public spending and prove that the welfare state has run a lock yet her identity has never been revealed after decades of searching the best and brightest minds in the field of journalism were never able to discover who was behind the wheel of that welfare queens cadillac or even if she or it even existed that is until now we now realize our mistake we should have been listening to the supreme court in our search for the welfare queen we were looking for actual people when we should have been looking for corporate people we should have been looking at wal-mart wal-mart is the largest private employer and brought in more and twenty eleven than any other company in the nation pocketed not too shabby sixteen point four billion dollars in profits that same year and the six wal-mart heirs the walton family owned rough
rosen is just medicaid getting food stamps and she's collecting welfare or underage of her names are tax free cash income is over one hundred fifty thousand dollars. for more than thirty years republicans have used the existence of that welfare queen to justify their attacks and public spending and prove that the welfare state has run a lock yet her identity has never been revealed after decades of searching the best and brightest minds in the field of journalism were never able to discover who...
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Dec 2, 2012
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i think it is a nice tax that we have done because it looks like a high-tech has met fashion and has excellent grip and it has an easel design with the sleeve to anchor your kindle fire in place and we will a third of the quantity right now and right here i hope you are calling would love to a sure way. aaron berger thank you exhibition for i might not see you tomorrow and that makes me sad. aaron. >>guest: shar shanno >>host: look at bill duggan he's like my boy saturday and kenya family downs families and spoon the grapes as wealth that is for later. we have apple mac book pro around the corner of this was also done for me for this show and the show only. if you want to enter the world of vacuum know how famous they are for operating system when it comes to their videos and graphics if this is also in salad quantities it is coming up next. thanks and welcome to spotlight your code to guide your hsn we want to beat the rush and avoid the crowds. you can get all of your holiday shopping reaches a website check out our gift store type in key words tiffs jewelry and so much more is to
i think it is a nice tax that we have done because it looks like a high-tech has met fashion and has excellent grip and it has an easel design with the sleeve to anchor your kindle fire in place and we will a third of the quantity right now and right here i hope you are calling would love to a sure way. aaron berger thank you exhibition for i might not see you tomorrow and that makes me sad. aaron. >>guest: shar shanno >>host: look at bill duggan he's like my boy saturday and kenya...
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than they already enjoy a surprisingly low rates they don't even pay payroll taxes first while the wealthy investors so it's no surprise that norquist is serving their interests yeah no surprise at all leaf on thanks so much for the great work you do only and thanks for being with us and thank you tom thanks for covering us for money in our elections as one of the biggest threats to our democracy you can join the movement to overturn citizens united and yet corporate and foreign money out of our elections by going to move to amend. or. just. the. it's the good the bad of the very very exit you asli ugly the good father jonathan morris known as the holiday season wherein fox so-called news starts up its investigative reporting on the so-called war on christmas in america it's twenty five days of fox news uncovering outrages of justice is like people calling christmas trees holiday trees on fox and friends this morning father morris a regular fox contributors said that fox is coverage of a war on christmas was just downright silly. if our christmas christmas is going to be all about getting
than they already enjoy a surprisingly low rates they don't even pay payroll taxes first while the wealthy investors so it's no surprise that norquist is serving their interests yeah no surprise at all leaf on thanks so much for the great work you do only and thanks for being with us and thank you tom thanks for covering us for money in our elections as one of the biggest threats to our democracy you can join the movement to overturn citizens united and yet corporate and foreign money out of...
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Dec 10, 2012
12/12
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that is from higher tax rates. roughly 600 billion are from some kind of tax reform. they are all reasonably good proposals. onaker boehner's proposal revenue -- is roughly $800 billion in tax reform. we are about $800 billion apart on taxes. my view is that we should roughly split the difference. i would suggest $1.4 trillion in tax revenue. $700 billion would come through tax reform. we can discuss what that might look like. $700 billion would come from higher tax rates. the president would scale back one trillion dollars. we can talk about that. on the spending side -- does 600,000 -- speaker boehner has come forward with some proposals. i'm not quite clear on how much the spending cuts he has proposed. the president's proposal is short. to get to where we need to go, that $3 trillion target and fiscal stability, we need $1.2 trillion in spending cuts. that should be part of the process. we should do some things to reform social security. after the end of the day, it needs to be almost double of what he is proposing. if you sit down and do the arithmetic of spendin
that is from higher tax rates. roughly 600 billion are from some kind of tax reform. they are all reasonably good proposals. onaker boehner's proposal revenue -- is roughly $800 billion in tax reform. we are about $800 billion apart on taxes. my view is that we should roughly split the difference. i would suggest $1.4 trillion in tax revenue. $700 billion would come through tax reform. we can discuss what that might look like. $700 billion would come from higher tax rates. the president would...
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largest tax cut company in the world. australia had a really strong tax season. a loss of $0.39 a share. they do typically take a loss in this particular quarter because it is not the most busy time for doing taxes. they said they are very optimistic heading into the tax season. this stock looking pretty good. up 3.5%, up 10% for the year. connell: thank you very much. dagen: they were in love and then they weren't, with apple. they have gone gold, investors. for good. connell: cheryl and dennis are coming up to take over coverage with the latest on apple and whether investors have already seen their best days with the stock. i don't know. we will be right back. ♪ mac i am cheryl casone. dennis: i am dennis kneale. apple shares are higher after selling off for days. investors bailing out and taking a big capital gains before higher taxes. is there more at work here? have we fallen out of love with the beloved land? cheryl: plan layoffs increasing for the third straight month. tomorrow we need to look at the big number, the government number. coming up a unique
largest tax cut company in the world. australia had a really strong tax season. a loss of $0.39 a share. they do typically take a loss in this particular quarter because it is not the most busy time for doing taxes. they said they are very optimistic heading into the tax season. this stock looking pretty good. up 3.5%, up 10% for the year. connell: thank you very much. dagen: they were in love and then they weren't, with apple. they have gone gold, investors. for good. connell: cheryl and...
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let's make the income tax, the corporate tax, the capital gains tax, the gift tax, the estate tax, let's just make them all 15% across the board. i'll never have a problem with estate tax. but it is outrageous to make people sell their family farm or sell a business or get in hoc up to their ears for something their parents have worked a lifetime to build up. and people like warren buffett, the ultrarich, they're not going to have to worry about the estate tax because they're able to pay megabucks for lawyers and brilliant financial analysts to come up with a way, usually involving life insurance and different things, they'll take care of their estate tax. so it's not the megarich. and the same way, when people say, we're going after the rich fat cats, england did that in 2009. an article last week pointed out, 2009, england increased to 50%, in addition to all the other taxes they have, 50% the tax against people making $1 -- a million pounds or more and that next year england went from having 16,000 people who were making a million pounds or more a year to 6,000. they dropped from 16,0
let's make the income tax, the corporate tax, the capital gains tax, the gift tax, the estate tax, let's just make them all 15% across the board. i'll never have a problem with estate tax. but it is outrageous to make people sell their family farm or sell a business or get in hoc up to their ears for something their parents have worked a lifetime to build up. and people like warren buffett, the ultrarich, they're not going to have to worry about the estate tax because they're able to pay...
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breaks like property tax to studios but actually giving them money to bring their productions to your state so michigan introduced this scheme and within two months twenty four movies had signed up to film in michigan from to the entire year before the productions estimated that they would spend one hundred ninety five million dollars filming there and in return they would be refunded about seventy million in cash yeah i mean this is important because before enron before world com before to liberalize debt obligation before the shadow banking system before goldman's. x. slush fund before jamie dime to became ruler of the underworld of financial terrorism there was something called only one accounting where very simply there are no net profits but net profits are what are promised like art buchwald from coming to america the movie made hundreds of millions but he never got a nickel because there was never any net profits that was the hollywood accounting that was made famous by the schmucks and the charlatans and harley and hollywood now it's a global accounting phenomenon georgia born
breaks like property tax to studios but actually giving them money to bring their productions to your state so michigan introduced this scheme and within two months twenty four movies had signed up to film in michigan from to the entire year before the productions estimated that they would spend one hundred ninety five million dollars filming there and in return they would be refunded about seventy million in cash yeah i mean this is important because before enron before world com before to...